Income Opportunity Realty Investors, Inc. Reports Earnings for Quarter Ended September 30, 2024
07 November 2024 - 11:00PM
Business Wire
Income Opportunity Realty Investors, Inc. (NYSE American:IOR) is
reporting its results of operations for the quarter ended September
30, 2024. For the three months ended September 30, 2024, we
reported net income attributable to common shares of $1.2 million
or $0.29 per diluted share compared to a net income of $1.6 million
or $0.39 per share for the same period in 2023. Our decrease in net
income is attributable to a decrease in interest income offset in
part by a decrease in advisory fees.
About Income Opportunity Realty Investors, Inc.
Income Opportunity Realty Investors, Inc., a Dallas-based real
estate investment company, currently holds a portfolio of notes
receivable. The Company invests in real estate through direct
equity ownership and partnerships. For more information, visit the
Company’s website at www.incomeopp-realty.com.
INCOME OPPORTUNITY REALTY INVESTORS, INC. CONSOLIDATED
STATEMENTS OF OPERATIONS (Dollars in thousands, except per
share amounts) (Unaudited)
Three Months Ended
September 30,
Nine Months Ended
September 30,
2024
2023
2024
2023
Revenues: Other Income
$
-
$
-
$
-
$
-
Expenses: General and administrative
71
91
230
385
Advisory fee to related party
26
346
76
1,045
Total operating expenses
97
437
306
1,430
Net operating loss
(97
)
(437
)
(306
)
(1,430
)
Interest income from related parties
1,614
2,516
4,785
7,160
Income tax provision
(319
)
(436
)
(941
)
(1,203
)
Net income
1,198
1,643
3,538
4,527
Earnings per share Basic and diluted
$
0.29
$
0.39
$
0.87
$
1.09
Weighted average common shares used in computing earnings
per share Basic and diluted
4,070,327
4,168,414
4,085,134
4,168,414
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version on businesswire.com: https://www.businesswire.com/news/home/20241107595968/en/
Income Opportunity Realty Investors, Inc. Investor
Relations Erik Johnson (469) 522-4200
investor.relations@incomeopp-invest.com
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